Cohen & Steers Inc. Takes $45.97 Million Position in Curbline Properties (NYSE:CURB)

Cohen & Steers Inc. acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,979,794 shares of the company's stock, valued at approximately $45,971,000. Cohen & Steers Inc. owned about 1.88% of Curbline Properties as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Curbline Properties during the fourth quarter worth about $29,000. Quadrant Capital Group LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC acquired a new position in shares of Curbline Properties during the fourth quarter worth approximately $31,000. Covestor Ltd grew its holdings in Curbline Properties by 390.2% in the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after buying an additional 1,268 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $62,000.

Curbline Properties Price Performance

Shares of Curbline Properties stock traded up $0.42 on Friday, reaching $23.16. The stock had a trading volume of 747,205 shares, compared to its average volume of 761,958. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The business's 50-day moving average price is $23.73 and its two-hundred day moving average price is $23.70.

Curbline Properties (NYSE:CURB - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. On average, sell-side analysts expect that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.76%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CURB. Piper Sandler boosted their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Compass Point increased their target price on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley began coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.82.

Curbline Properties Company Profile

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.